Mar 2nd, 2023
2 mins
Global insight provider IGD has identified six trends set to influence the global retail landscape in 2023.
With inflation driving a significant increase in production costs and retail prices across most major markets, IGD predict there will be an intense focus from retailers and suppliers on driving out costs, improving the efficiency of supply chains and delivering value to consumers in new ways over the next 12 months.
Toby Pickard, Global Insight Leader at IGD, said: “While many of these initiatives from businesses have been reactionary, they are helping retailers to reset the cost base and develop go-to market models for the future.
“Alongside this, retailers will continue to progress their key initiatives centred on health and wellness, sustainability and digitisation. Progress in these areas is incremental but we predict it will drive significant long-term change in the shape of our industry.”
A preview of the report can be downloaded at IGD Retail Analysis.
